This is a general question to anyone on BPT community. If there
is a nice correction coming shortly which one of the major
composites will be best to short from this point on? Taking into
consideration that the Russell index is already down 3.5% while the
S&P and Dow really have not started correcting yet. Do you guys
think that the greater correcting potential will be with the Dow
and S&P or in the Russell and the Nasdaq since both of those
already seem to have started to brake down?
If a correction occurs which composite will be best to short?
Posted by rabin70 on 22nd of Jan 2011 at 08:46 pm
This is a general question to anyone on BPT community. If there is a nice correction coming shortly which one of the major composites will be best to short from this point on? Taking into consideration that the Russell index is already down 3.5% while the S&P and Dow really have not started correcting yet. Do you guys think that the greater correcting potential will be with the Dow and S&P or in the Russell and the Nasdaq since both of those already seem to have started to brake down?
RUT and NAZ
Posted by rbreese on 23rd of Jan 2011 at 12:18 am
These two have already rolled over and those two led us too highs first. They are the most aggressive and quickest to sell off first.